R&D investment and future firm performance: The role of managerial overconfidence and government ownership | Zendy

Tebourbi Imen | Zendy; Ting Irene Wei Kiong | Zendy; Le Hanh Thi My | Zendy; Kweh Qian Long | Zendy

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R&D investment and future firm performance: The role of managerial overconfidence and government ownership

Author(s) -

Tebourbi Imen,

Ting Irene Wei Kiong,

Le Hanh Thi My,

Kweh Qian Long

Publication year - 2020

Publication title -

managerial and decision economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.288

H-Index - 51

eISSN - 1099-1468

pISSN - 0143-6570

DOI - 10.1002/mde.3173

Subject(s) - overconfidence effect , prosperity , investment (military) , vietnamese , government (linguistics) , business , affect (linguistics) , monetary economics , finance , economics , economic growth , politics , psychology , social psychology , linguistics , philosophy , political science , law

We investigate the relationship among managerial overconfidence (MO), government ownership, and research and development (R&D) investment using data from Vietnamese public companies for the period 2007–2016. We also investigate how R&D investment, given MO and government ownership, affect future firm performance. Our results indicate that MO and government ownership are positively related to R&D investment. Conceptually, this study investigates novel factors affecting of R&D investment and their role in improving firm performance. Overall, this study emphasizes the importance of R&D investment in the corporate world, improving firm performance and, ultimately, economic prosperity.

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